DTS (DTSI) Releases Earnings Results, Beats Expectations By $0.05 EPS

DTS (DTSI) reported quarterly earnings results on Monday, May-9-2016. The company said it had a profit of $0.41 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.36. The company posted revenue of $45.20 million in the period, compared to analysts expectations of $43.21 million. The company’s revenue was up 33.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.

DTS closed down -0.1 points or -0.49% at $20.4 with 62,946 shares getting traded on Friday. Post opening the session at $20.44, the shares hit an intraday low of $20.02 and an intraday high of $20.49 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 16, 2016, Frederick Lee Kitson (EVP & Chief Technology Officer) sold 4,583 shares at $21.93 per share price. According to the SEC, on Jun 22, 2015, Patrick Watson (EVP, Corp Strategy & Dev) sold 9,375 shares at $31.81 per share price. On May 27, 2015, Blake Welcher (EVP Legal, GC & Sec) sold 12,903 shares at $32.42 per share price, according to the Form-4 filing with the securities and exchange commission.

DTS Inc. is an audio technology solutions provider for high-definition entertainment experiences. The Company’s audio solutions are designed to enable recording delivery and playback of high-definition audio and are included by licensee customers around the world into a range of consumer electronics devices including televisions (TVs) personal computers (PCs) smartphones tablets digital media players (DMPs) set-top-boxes soundbars wireless speakers video game consoles Blu-ray Disc players automotive audio systems audio video receivers (AVRs) digital versatile disc (DVD)-based products and home theater systems. The Company’s end-to-end audio solutions include DTS-HD DTS-HD Master Audio DTS Sound DTS Studio Sound DTS-HD Premium Sound DTS TruSurround DTS Neural Surround DTS Headphone:X DTS Play-Fi and DTS:X.


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